NIFTY Futures Mechanical Trading

[sandeep721]

NIFTY FUTURE For June 19,

Current position : LONG (at 4527 on 12/06/2008)

Nifty Fut Closed at : 4564.85

Profit/Loss in current trade : +37.85 (as per last closing price)
Net Profit/Loss since thread started : +1699.85 (1662.00+37.85)

Support : 4527
Resistance : 4617

Hold LONG position with SL 4527. If trades below 4527, exit LONG & go SHORT with SL 4617.

Happy Trading.

Vinod

Dear Vinod

I would appreciate if you could tell us how much points above or below your levels should we trigger buy or sell , if we cannot manage to sit thru the entire trading session. Thanks in advance.

Sandeep

 

[pulimath]

NIFTY FUTURE For June 19,

Current position : LONG (at 4527 on 12/06/2008)

Nifty Fut Closed at : 4564.85

Profit/Loss in current trade : +37.85 (as per last closing price)
Net Profit/Loss since thread started : +1699.85 (1662.00+37.85)

Support : 4527
Resistance : 4617

Hold LONG position with SL 4527. If trades below 4527, exit LONG & go SHORT with SL 4617.

Happy Trading.

Vinod

Dear Vinodji

Today NF traded below 4558 minutes before closing at 4564.85

Still you say long Please explain

pulimath

 

[milkyblack]

Dear Vinod

I would appreciate if you could tell us how much points above or below your levels should we trigger buy or sell , if we cannot manage to sit thru the entire trading session. Thanks in advance.

Sandeep

Sir,
Please go through the FIRST few posts of Mr. Vinod... all is crystal clear!

Regards

 

[sandeep721]

Dear MB

Thanks a lot for your suggestion. I did go thru the previous posts and I think Vinodji has mentioned 5/7 points above or below his levels to be a reversal point.

Sandeep

 

[arjit]

Vinodji,I have taken short position at 4558.Am i right?Pl. comment.

 

[sandeep721]

Vinodji,I have taken short position at 4558.Am i right?Pl. comment.

Dear Arjit

I don't think short was triggered yesterday. But it has got trigerred today as nifty has opened gap down. Please correct me if I am wrong vinodji


Sandeep

 

[nadodav]

Dear Arjit & Sandeep,

Yes. short was not trigerred yesterday but today. now short at 4515. Pl wait till confirmation before changing a position. If i am not wrong, Arjit, last time also you had changed your position hurrily & was stuck-up on wrong side. so please wait for 2-3 minutes or atleast 5-7 points.

Vinod

 

[arjit]

Vinodji,have you taken short position?

 

[nadodav]

Dear Vinodji

Today NF traded below 4558 minutes before closing at 4564.85

Still you say long Please explain

pulimath

Dear Pulimath,

Pl go through earlier posts. We have to wait some time before changing a position. you can either place SL order 5-7 points below/above support/resistnace if you are not against terminal or wait 2-3 minutes to trade below/above support/resistnace for confirmation.

Vinod

 

[pravinaca]

Hi Vinodji,

Just a suggestion. To clear this confusion is it not possible to give a level by adding or subtracting 7 points from the levels you post.

Thanks
Pravin